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Minneapolis Federal Reserve Chairman Saw Dogecoin As A Ponzi Scheme
Summary: Neel Kashkari, chairman of the Federal Reserve Bank of Minneapolis, responded to a poll on LinkedIn that Dogecoin is a Ponzi scheme. The poll was initiated by Coinbase Chief Legal Officer and Company Secretary Paul Grewal and asked his followers about the correct pronunciation of Dogecoin. Kashkari replied: "The correct pronunciation is pon-zi." The Federal ...
Neel Kashkari, chairman of the Federal Reserve Bank of Minneapolis, responded to a poll on LinkedIn that Dogecoin is a Ponzi scheme.
The poll was initiated by Coinbase Chief Legal Officer and Company Secretary Paul Grewal and asked his followers about the correct pronunciation of Dogecoin.
Kashkari replied: "The correct pronunciation is pon-zi."
The Federal Reserve Bank of Minneapolis is the 12 reserve banks in the Federal Reserve System, overseeing all or part of the banks in the six Midwestern states.
This is not the first time Kashkari has criticized cryptocurrencies. In February 2020, he called cryptocurrency "like a giant garbage dumpster", lacking any basic characteristics of a stable currency, he also praised the Securities and Exchange Commission for cracking down on ICOs.
BY Mary Liu
Tags: Dogecoin,Federal Reserve Bank,Minneapolis,Neel Kashkari
Link: Minneapolis Federal Reserve Chairman Saw Dogecoin As A Ponzi Scheme [Copy]
